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Hellena | Oil (4H): Short to support area 72.631 (Wave 3).

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Dear colleagues, I am still hoping for a downward movement, it's just that I have revised the wave formation because the price has gone quite high.
At the moment, I believe that the price is now completing the movement in the senior wave "2". After reaching the resistance area of 84.00 - 85.00, I expect the beginning of the big wave "3"!
Therefore, I suggest to take what happened as an opportunity to enter a short position in the most profitable way!

Manage your capital correctly and competently! Only enter trades based on reliable patterns!

註釋

Dear colleagues, this idea is quite long-term and maybe I will make ideas for short-term trades in parallel. Now I expect that the price will make another correction and continue the upward movement to the target of 84.532.

註釋

Colleagues, this week I believe the upward movement will continue. I definitely expect the nearest high of 83.055 to be updated. Because wave "a" has extended a bit, wave "c" is likely to go a bit further than I thought at the beginning.

註釋

Colleagues, the price has reached the resistance area of 84.532 and now it is necessary to look for short positions, but we should take into account that the price may update the maximum and break the resistance area a bit. A possible level that the price may reach is 86.00.
I believe that this movement is within the forecast, because we are preparing for a strong decline.

註釋

Dear Colleagues, this week is the week to look for the best entries into short positions. There is still a possibility of a new high and this is normal considering the downward movement that awaits us.
In general, I think it is possible to move up to the level of 86, but then only a fall. Wave 3 is the biggest wave in the impulse!

註釋

Colleagues, price is in a pretty solid downtrend, but it can be quite deceptive. The 86 level is still possible.
In any case, even if you are in a short position, hopefully your SL is behind the 86 level.

註釋

The price has not yet overcome the 80.86 level. This level is a rather strong support level, from where a move to the 86.00 area is possible.
But I have already written that the downward movement is in my focus and I am sure that it will take place.
There is a possibility that the price will not go to 86.00 and will continue the planned downward movement.

註釋

Dear colleagues, the price is slowly but surely moving in a downward direction. The forecast turned out to be quite long, but I am sure that it will bring a great profit!
At the moment I expect another correction to the area of 82.00 and then a continuation of the downward movement.

註釋

dear colleagues, our long-term idea continues to evolve. At the moment the informational news background favorably influences the price and makes it move in our direction. The price has traveled quite a long distance and I recommend to set trade to breakeven.
(Breakeven=Risk Free: Move Stop loss to the entry level).

I expect a big correction to the 80.00 area and there will be an opportunity to find a great short entry again!

註釋

Colleagues, the goal is almost reached. I believe that we should partially close positions. On the other hand, we can wait a bit, but if we close now, the profit will be impressive!

註釋

Well done!

註釋

Colleagues, I believe that the level of 72.66 is a very strong level, but judging by the wave analysis the price will continue to decline in the middle wave "3", which should be quite long. But I think that it is worth looking at the level of 70, because it is a psychological level.